A two-year international drug investigation has led to the arrests of a 71-year-old lawyer and his employee, who now face charges of money laundering and possessing the proceeds of crime.
Lawyer Kenneth James of Etobicoke — who is also charged with fraud — has an extensive history of troubles, including a 2006 bankruptcy filing, past allegations of fraud and ongoing professional misconduct hearings….
…proceeds of crime were laundered through companies believed to be under James’s control, including James and Associates, Eveline Holdings Inc. and Sterling Capital Inc.
“What we’re talking about is drug traffickers who make millions of dollars and then need to place that money into financial institutions — or to ‘clean’ it, for lack of a better word,” Matchett said.
In a massive 2011 mortgage fraud case involving more than $5 million, a Superior Court judge noted that fraudulently obtained funds were moved through several accounts, including one belonging to James and Associates.
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Press release by Toronto Royal Canadian Mounted Police (RCMP) : click here